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Biotech / Medical : Trinity Biotech (TRIBY) -- Ignore unavailable to you. Want to Upgrade?

To: dowman who wrote (9940)	8/1/1998 11:29:00 PM
From: Scott H. Davis	Read Replies (2) \| Respond to of 14328

Dowman, I'm with you part way on this one, but the tendancy may be over-applied in this case. Wise analysts and investors discount EPS for a company that has been recently profitible where some of their EPS comes from applying tax credits from earlier losses, knowing the credits are inflating earnings & won't last. If TRIBY is applying tax credits, than you have a point. But if TRIBYs EPS is all from revenue and the tax situation is not likely to change in the near/intermediate future, I'm not too sure most will make an adjustment in this case. IMSCo Scott